Brokerages Set Taylor Morrison Home Corporation (NYSE:TMHC) Target Price at $77.43

Shares of Taylor Morrison Home Corporation (NYSE:TMHC) have received an average recommendation of “Moderate Buy” from the ten analysts that are covering the company, Marketbeat reports. Two analysts have rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average 12 month price objective among brokers that have covered the stock in the last year is $77.1429.

A number of equities research analysts have issued reports on the stock. Citigroup began coverage on shares of Taylor Morrison Home in a research report on Wednesday, January 7th. They issued an “outperform” rating for the company. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Taylor Morrison Home in a research report on Monday, December 29th. Zacks Research upgraded Taylor Morrison Home from a “strong sell” rating to a “hold” rating in a report on Tuesday, December 23rd. Wedbush restated an “outperform” rating and issued a $85.00 price objective on shares of Taylor Morrison Home in a research note on Thursday, October 23rd. Finally, Barclays reaffirmed an “overweight” rating and set a $71.00 target price on shares of Taylor Morrison Home in a research report on Monday, December 8th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Norges Bank bought a new position in shares of Taylor Morrison Home during the 2nd quarter valued at approximately $93,627,000. Alliancebernstein L.P. lifted its stake in Taylor Morrison Home by 360.1% in the third quarter. Alliancebernstein L.P. now owns 1,284,221 shares of the construction company’s stock valued at $84,771,000 after purchasing an additional 1,005,116 shares during the last quarter. AQR Capital Management LLC lifted its stake in Taylor Morrison Home by 73.8% in the third quarter. AQR Capital Management LLC now owns 2,213,556 shares of the construction company’s stock valued at $146,117,000 after purchasing an additional 940,138 shares during the last quarter. Long Pond Capital LP grew its holdings in Taylor Morrison Home by 132.4% during the second quarter. Long Pond Capital LP now owns 1,561,586 shares of the construction company’s stock valued at $95,913,000 after purchasing an additional 889,616 shares during the period. Finally, Freestone Grove Partners LP purchased a new stake in Taylor Morrison Home in the third quarter worth $56,894,000. 95.16% of the stock is currently owned by hedge funds and other institutional investors.

Taylor Morrison Home Price Performance

TMHC opened at $64.24 on Thursday. Taylor Morrison Home has a 1 year low of $51.90 and a 1 year high of $72.50. The company has a debt-to-equity ratio of 0.35, a current ratio of 7.02 and a quick ratio of 1.02. The company has a market capitalization of $6.28 billion, a price-to-earnings ratio of 7.74 and a beta of 1.59. The firm’s fifty day moving average price is $61.18 and its two-hundred day moving average price is $63.31.

Taylor Morrison Home (NYSE:TMHC) last announced its earnings results on Wednesday, October 22nd. The construction company reported $2.11 EPS for the quarter, beating the consensus estimate of $1.93 by $0.18. Taylor Morrison Home had a net margin of 10.16% and a return on equity of 15.23%. The company had revenue of $2.10 billion during the quarter, compared to the consensus estimate of $2.03 billion. During the same quarter in the prior year, the company posted $2.40 earnings per share. The firm’s revenue for the quarter was down 1.2% on a year-over-year basis. As a group, analysts anticipate that Taylor Morrison Home will post 8.93 earnings per share for the current fiscal year.

About Taylor Morrison Home

Taylor Morrison Home Corporation (NYSE:TMHC) is a leading national homebuilder and developer specializing in the design, construction and sale of single-family detached and attached homes. The company’s portfolio spans entry-level, first-time, move-up and active-adult segments, offering buyers a diverse array of architectural styles, floor plans and personalized design options. Through its vertically integrated model, Taylor Morrison manages land acquisition, community development, construction and sales to deliver quality homes and customer-focused experiences across its markets.

The company’s heritage traces back to Morrison Homes, founded in 1977, and Taylor Woodrow, established in 1921 in the United Kingdom.